Bank of Canada Qualifying Rate Rises Again

Effective today* the Bank of Canada Qualifying Rate has Risen again from 4.89% to 4.99%

This Is the Rate that the Debt Service Ratios of GDS ( Gross Debt Service) and TDS ( Total Debt Service) are calculated off when qualifying for a Insured Mortgage.

Please contact us to see how this Affects your Qualification Amounts going Forward. *Effective October 30/2017

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